Boot Barn (BOOT) PT Raised to $241 at UBS

UBS analyst Jay Sole raised the price target on Boot Barn (NYSE: BOOT) to $241.00 (from $210.00) while maintaining a Buy rating.

The analyst commented, "Boot Barn is the dominant retailer in two niche and underserved categories - westernwear and workwear. We believe BOOT is an underappreciated growth story and see potential for BOOT to add 330 stores over the next 5 years and this could drive a ~13.5% EPS CAGR (FY25-FY30E). Plus, we believe BOOT will navigate tariffs better than many of its "mom & pop" rivals will. Thus tariffs could accelerate share gains for BOOT and its exclusive brands, in our view. We believe Boot Barn's strong sales and EPS growth outlook justify a ~29x P/E. BOOT's 1Q26 EPS report increases our conviction in this view."

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